11th June 2015
Amendment to Official List, Share Consolidation
and Total Voting Rights
Further to the approval by shareholders of the special dividend and associated share consolidation at Spirax‑Sarco Engineering plc's ("Company") AGM on 11th May 2015, the Company's share consolidation will become effective on Monday, 15th June 2015.
The share consolidation will replace every 28 existing Ordinary shares of 2525/26 pence each with 27 new Ordinary shares of 2612/13 pence each. The Company's new Ordinary shares will be amended on the Official List of the UK Listing Authority and will commence trading on the London Stock Exchange at 8.00 am UK time on Monday, 15th June 2015.
Prior to the share consolidation becoming effective, the Company's issued share capital was 75,952,744 Ordinary shares of 2525/26 pence each. For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the Company's issued share capital as at 8.00 am on 15th June 2015 (the effective time of the share consolidation) will consist of 73,240,146 new Ordinary shares of 2612/13 pence each. As at the same date and time, the Company will hold no shares in treasury.
The decrease in the issued share capital and total voting rights results from the consolidation of shares.
The above figure of 73,240,146 total voting rights may be used by shareholders as the denominator for the calculations by which they will determine (if they are required to notify) their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.
The timetable in relation to the special dividend and the share consolidation is as follows:
Record date for entitlement to the special dividend of 120.0p per existing Ordinary share and the share consolidation |
5.00 pm on Friday, 12th June 2015 |
Existing Ordinary shares marked ex-entitlement to the special dividend |
Monday, 15th June 2015 |
Effective time and date of the share consolidation and the date CREST accounts credited with new Ordinary shares |
8.00 am on Monday, 15th June 2015 |
Commencement of dealings in new Ordinary shares |
8.00 am on Monday, 15th June 2015 |
Payment (where applicable) of fractional entitlements by cheque or CREST payment |
By Friday, 26th June 2015 |
Despatch (where applicable) of certificates for new Ordinary shares |
By Friday, 26th June 2015 |
Payment of special dividend by cheque or BACS |
Wednesday, 15th July 2015 |
Enquiries:
Andy Robson, General Counsel & Company Secretary
Tel: 01242 535276
About Spirax Sarco
Spirax-Sarco Engineering plc is the world leader in each of its two businesses, Spirax Sarco for steam specialties and Watson-Marlow Fluid Technology Group for niche peristaltic pumps and associated fluid path technologies. The steam specialties business provides a broad range of fluid control products, engineered packages, site services and systems expertise for a diverse range of industrial and institutional customers. The company helps its customers to improve production efficiency, reduce energy costs, water usage and emissions, improve product quality and enhance the safety of their operations. Watson-Marlow Fluid Technology Group offers the ideal solution for a wide variety of demanding fluid path applications with highly accurate, controllable and virtually maintenance free pumps and associated technologies. The Group is headquartered in Cheltenham, England, has strategically located manufacturing plants around the world and employs approximately 4,800 people, of whom around 1,300 are direct sales and service engineers. Its shares have been listed on the London Stock Exchange since 1959 (symbol: SPX)
Further information can be found at www.spiraxsarcoengineering.com
